Ducommun Inc. (DCO) Trading 4.6% Higher
Ducommun Inc. (NYSE:DCO) shares traded up 4.6% during mid-day trading on Friday . The stock traded as high as $24.44 and last traded at $24.41, with a volume of 58,557 shares changing hands. The stock had previously closed at $23.33.
Several research analysts have recently issued reports on the company. B. Riley reaffirmed a “buy” rating and issued a $26.75 price objective on shares of Ducommun in a research note on Thursday, August 11th. FBR & Co reaffirmed a “buy” rating on shares of Ducommun in a research note on Friday, August 5th. Zacks Investment Research raised Ducommun from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research note on Monday, August 8th. Finally, Canaccord Genuity raised Ducommun from a “hold” rating to a “buy” rating and upped their price objective for the company from $19.00 to $23.00 in a research note on Friday, June 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $23.63.
The firm’s 50 day moving average price is $21.43 and its 200-day moving average price is $17.82. The stock’s market capitalization is $272.56 million.
Ducommun (NYSE:DCO) last posted its earnings results on Thursday, August 4th. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.06. The company had revenue of $133.40 million for the quarter, compared to analysts’ expectations of $141.54 million. The firm’s quarterly revenue was down 23.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. On average, analysts forecast that Ducommun Inc. will post $1.43 earnings per share for the current fiscal year.
In other news, VP James S. Heiser sold 2,329 shares of Ducommun stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $19.32, for a total transaction of $44,996.28. Following the completion of the sale, the vice president now owns 16,116 shares in the company, valued at approximately $311,361.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph C. Berenato sold 12,000 shares of Ducommun stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $19.29, for a total value of $231,480.00. Following the sale, the director now owns 9,384 shares of the company’s stock, valued at approximately $181,017.36. The disclosure for this sale can be found here.
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.